INDICATIVE PRICE FOR 2014/2015 MARKETING SEASON

The main stakeholders’ meeting that was held in Dodoma on 16th June 2014 fixed the seed cotton indicative buying price at Tshs 750/= per kilogram. This price is meant to protect the farmers against the syndicate of the cotton buyers who may plan to purchase the crop at the price lower than the world market price. The buyers are required to purchase cotton from the farmer at the price above the indicative price. The meeting was composed of the Cotton Buyers, Cotton Farmers, Ministry of Agriculture and Tanzania Cotton Board as the regulator.